---
title: "Midfield Industries Ltd (533220) — Share Price, Financials & Analysis"
symbol: "533220"
company: "Midfield Industries Ltd"
canonical: "https://tapetide.com/stocks/533220"
isin: "INE091K01010"
bse_code: "533220"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:58:18.425Z"
---

# Midfield Industries Ltd (533220)

Canonical page: https://tapetide.com/stocks/533220

## Company

- **BSE Code:** 533220
- **ISIN:** INE091K01010
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2010-08-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** midfieldindustries.com

## About

Midfield Industries Limited is a manufacturer of steel strapping, seals, packaging tools and accessories in India. The Company also manufactures angle boards, edge protectors, collated nail coils and deals in pneumatic nailers and polyester (PET) strap. Midfield is a provider of industrial packaging solutions.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.13 times its book value
- Company has delivered good profit growth of 50.2% CAGR over last 5 years

### Weaknesses

- Company has high debtors of 235 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 14% | 34% | 50% |
| revenue growth | 29% | 27% | 27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 30 | 35 | 35 | 48 | 55 | 49 | 65 | 69 | 68 | 67 | 78 | 90 |
| Expenses | 14 | 15 | 13 | 19 | 19 | 18 | 21 | 23 | 27 | 23 | 26 | 29 |
| Financing Profit | 3 | 3 | 4 | 7 | 12 | 8 | 17 | 18 | 12 | 11 | 16 | 18 |
| Financing Margin % | 10 | 10 | 12 | 15 | 22 | 16 | 26 | 26 | 18 | 17 | 21 | 20 |
| Other Income | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Interest | 13 | 16 | 18 | 22 | 24 | 23 | 27 | 28 | 29 | 32 | 35 | 42 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 4 | 4 | 6 | 11 | 7 | 16 | 16 | 11 | 12 | 15 | 17 |
| Tax % | -25 | 41 | 36 | 23 | 13 | 21 | 27 | 21 | 28 | 20 | 25 | 24 |
| Net Profit | 4 | 2 | 3 | 5 | 10 | 5 | 12 | 13 | 8 | 10 | 11 | 13 |
| EPS in Rs | 3.1 | 1.96 | 2.13 | 3.85 | 2.6 | 1.38 | 2.32 | 2.58 | 1.6 | 1.94 | 2.27 | 2.6 |
| Gross NPA % | — | — | — | 3.56 | 3.37 | — | 3.64 | 2.83 | 3.23 | — | — | 3.38 |
| Net NPA % | — | — | — | 2.89 | 2.7 | — | 2.84 | 2.21 | 2.45 | — | — | 2.57 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 40 | 51 | 64 | 80 | 88 | 128 | 166 |
| Expenses | 34 | 44 | 53 | 65 | 69 | 101 | 130 |
| Operating Profit | 6 | 7 | 11 | 15 | 19 | 27 | 35 |
| OPM % | 15 | 14 | 17 | 19 | 22 | 21 | 21 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 2 | 3 | 4 | 6 | 6 | 7 | 9 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 4 |
| Profit before tax | 3 | 3 | 6 | 9 | 13 | 19 | 23 |
| Tax % | 37 | 44 | 35 | 32 | 34 | 33 | 37 |
| Net Profit | 2 | 2 | 4 | 6 | 8 | 13 | 14 |
| EPS in Rs | — | — | — | — | — | 9.79 | 11.16 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 20 | 22 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 7 | 8 | 8 | 8 | 13 | 13 |
| Reserves | 4 | 4 | 10 | 17 | 27 | 92 | 102 |
| Borrowings | 15 | 20 | 28 | 41 | 42 | 46 | 54 |
| Other Liabilities | 6 | 11 | 12 | 14 | 22 | 25 | 31 |
| Total Liabilities | 29 | 42 | 58 | 81 | 99 | 175 | 200 |
| Fixed Assets | 6 | 5 | 13 | 12 | 10 | 30 | 26 |
| CWIP | 0 | 0 | 0 | 1 | 3 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 23 | 36 | 45 | 68 | 85 | 144 | 174 |
| Total Assets | 29 | 42 | 58 | 81 | 99 | 175 | 200 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | -2 | 2 | -8 | 6 | -38 | 11 |
| Cash from Investing Activity | 0 | -1 | -9 | -1 | -2 | -21 | 0 |
| Cash from Financing Activity | 5 | 3 | 7 | 9 | -5 | 59 | -11 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -5 | -3 | -6 | -9 | 4 | -59 | 11 |
| CFO/OP | -79 | -29 | 22 | -32 | 51 | -114 | 47 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 113 | 152 | 151 | 202 | 241 | 253 | 235 |
| Inventory Days | 105 | 91 | 109 | 100 | 105 | 98 | 83 |
| Days Payable | 0 | 0 | 0 | 0 | 119 | 61 | 25 |
| Cash Conversion Cycle | 219 | 242 | 259 | 302 | 227 | 290 | 293 |
| Working Capital Days | 148 | 174 | 180 | 238 | 257 | 326 | 303 |
| ROCE % | — | 24 | 28 | 26 | 25 | 23 | 20 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Dec 2025 |
| --- | --- | --- |
| Promoters | 74.98% | 74.98% |
| FIIs | 0.92% | 0.92% |
| Public | 24.09% | 24.11% |
| No. of Shareholders | 23661 | 19446 |

### Quarterly

| Category | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% |
| FIIs | 5.16% | 2.35% | 0.92% | 0.87% | 0.88% | 0.92% |
| DIIs | 3.26% | 0.42% | 0% | 0% | 0% | 0% |
| Public | 16.6% | 22.26% | 24.09% | 24.16% | 24.15% | 24.11% |
| No. of Shareholders | 36351 | 24807 | 23661 | 22312 | 21184 | 19446 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 30 Jan - Revised Investor Presentation for Quarter and Nine Months ended 31st December, 2025. | [Announcement under Regulation 30 (LODR)-Investor Presentation 30 Jan - Revised Investor Presentation for Quarter and Nine Months ended 31st December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa60f94d-1993-4013-a4b8-c798c71b3895.pdf) |
| 30 Jan - Newspaper clipping of published unaudited financial results for the quarter ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Jan - Newspaper clipping of published unaudited financial results for the quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba923b0a-c6a2-4f68-85f4-7d99a79c707a.pdf) |
| 30 Jan - Investor presentation for Quarter and nine month ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Investor Presentation 30 Jan - Investor presentation for Quarter and nine month ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/583a3ed6-5c8d-457c-a2bd-aa713c85c11e.pdf) |
| 30 Jan - Audio recording of Q3 FY2026 earnings call (quarter ended Dec 31, 2025) available on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 30 Jan - Audio recording of Q3 FY2026 earnings call (quarter ended Dec 31, 2025) available on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a113308-e2ed-49e6-8e44-91be1b518181.pdf) |
| 2 Feb - Transcript of earnings call held on January 30, 2026 for the quarter and nine months ended on December 31, 2025. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2 Feb - Transcript of earnings call held on January 30, 2026 for the quarter and nine months ended on December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93b9b217-4875-455c-a01d-2ce2ae3f8460.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f07fa739-6f68-4f49-84f3-b721cdfd4379.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58d8fbe4-d7f7-4452-9a71-0047419b0211.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/605736e6-de77-4aac-961e-86ef3db63953.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2cee2078-0487-4d52-b2bf-20da85be7bd5.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d2bcc79-f20e-4d4f-9582-96bd51f19961.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6215e75a-1670-414a-8010-2ce914b23bb7.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a91aa8e9-838d-4346-a60a-040b5e0e5e72.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3869f4d0-3fe2-4d3f-84fe-71b68894e73f.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e114cc8-64fb-45ab-8830-542a21394e50.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e13c684-b7ac-4527-aba1-9ad7f7c27799.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acae04b5-b9c0-4554-9737-a73c9348339a.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/533220/5332200311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/533220/5332200310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:18.425Z.